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dollars space drone into orbit tomorrow for no publicly available reason by the end of the year our government will be more likely to cut out funding for food stamps welfare education social security medicare medicaid before they dare to well in the cut defense what does that say about this country's priorities . wealthy british style. that's not on the. market why not. come to. find out what's really happening to the global economy with mike stronger for a no holds barred look at the global financial headlines tune in to conjure reports on our. quick i. cut cut cut. cut. cut cut cut. get our sometimes you see a story and it seems so for lengthly you think you understand it and then you glimpse something else you hear or see some other part of it and realize everything you thought you knew you don't know i'm sorry.
dollars space drone into orbit tomorrow for no publicly available reason by the end of the year our government will be more likely to cut out funding for food stamps welfare education social security medicare medicaid before they dare to well in the cut defense what does that say about this country's priorities . wealthy british style. that's not on the. market why not. come to. find out what's really happening to the global economy with mike stronger for a no holds barred look at the global...
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selling these shares will mean the government made a profit with its bailout. after this stock sale, the government will continue to own warrants, allowing it to buy a.i.g. stock if it chooses. separately, a.i.g. announced it will sell almost all of its aircraft leasing business to a group of chinese companies for $4.8 billion. that's much less than what a.i.g. wanted. it is a different kind of deal for conglomerate ingersoll-rand. it will spin off its locks business, with names schlage and kryptonite, something active shareholders have been calling for. i-r shares fell 1.9%. four of the five most actively traded exchange traded products were up. the financial e.t.f. fell two tenths of a percent. and that's tonight's "market focus." >> tom: could wall street be turning on apple? not only is the stock one of the most widely owned, it also is almost universally loved by analysts. but the stock has dropped more than 20% in less than three months. tonight's "word on the street" is "apple." lindsey bell is an investment analyst with thestreet.com. lindsay, how would
selling these shares will mean the government made a profit with its bailout. after this stock sale, the government will continue to own warrants, allowing it to buy a.i.g. stock if it chooses. separately, a.i.g. announced it will sell almost all of its aircraft leasing business to a group of chinese companies for $4.8 billion. that's much less than what a.i.g. wanted. it is a different kind of deal for conglomerate ingersoll-rand. it will spin off its locks business, with names schlage and...
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way it looks like egypt is very sharply divided and it's not the way a sort of a post revolutionary government should be should be one of unity and bringing everybody to table looks like morsi has not made enough concessions to allow for the opposition which has very viable criticisms to actually negotiate at the same table instead turning to his base and turning to those who support him wholeheartedly and and in some cases even blindly do you think that we we might see a civil war unfold in any about thirty seconds my word civil war is very complicated i think adoptions are naturally inclined against violence but nevertheless anything can grow out of this if so it would be the first constitutional civil war that i'm aware of in the arab world but it just speaks to the fact that there's a real genuine consciousness as far as the options are concerned as far as it pertains to the future of their country so i hope not but you never know a lot of dynamics at play definitely a very complicated situation thank you so much for coming on shedding some light on the situation at dulles kandor professor
way it looks like egypt is very sharply divided and it's not the way a sort of a post revolutionary government should be should be one of unity and bringing everybody to table looks like morsi has not made enough concessions to allow for the opposition which has very viable criticisms to actually negotiate at the same table instead turning to his base and turning to those who support him wholeheartedly and and in some cases even blindly do you think that we we might see a civil war unfold in...
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government is sustain in terms of debt to gdp. luckily, we don't know. 70, we could survive in terms of the sense we won't be spiraling out of control, but the higher that ratio is, then the more that future generations, their taxes go simply to service the debt for the services that their parents and grandparents enjoyed. tracy: right. >> it's the right way to think about the problem. get the number dun as soon as we can. tracy: the answer will be continue to raise taxes to make those interest payments which is circular and arguably stupid at the end of the day. talk about the tax code. how do you do it? it's a big book of favors. it is a doorstop at this point it's so big. do you throw it out and start over? >> well, it's interesting. you know, for a long ime, in the 1990s and the early part of the 2000s, there was a lot of chat about throwing it out and starting over, and i think that conservatives note that if we do that, we would start over with the system much more efficient than the ones we have. we start with the consumpti
government is sustain in terms of debt to gdp. luckily, we don't know. 70, we could survive in terms of the sense we won't be spiraling out of control, but the higher that ratio is, then the more that future generations, their taxes go simply to service the debt for the services that their parents and grandparents enjoyed. tracy: right. >> it's the right way to think about the problem. get the number dun as soon as we can. tracy: the answer will be continue to raise taxes to make those...
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with the author of "shadow bosses: how government. employee unions control america and rob taxpayer blind." llory factor joins us. also tonight, egypt's president, muhammad morsi, ordering the egan military to arrest people in the street even as he claimed to have rescinded the ctatorial powers he assumed which have spurre violent demonstrations. and a new intelligence report concludes that america's time as the lone perpower is nearing an end. former director of national intelligence jo negro panty joins us to talk about our future as a superpower and the challenges that we'll surely face we begin tonight with one of the few scheduling misadventures of president obama'swire tenure in -- entire tenure in office. e president speaking to autoworkers outside detroit today, aday before governor snyder will sign michigan' newly-passed right-to-work law into effect. the presidenttanding firmly with the unio that worked hard to get him reelected. >> wha we shouldn't do, i st gotta say this, wt we shouldn't be doing is try to take away your r
with the author of "shadow bosses: how government. employee unions control america and rob taxpayer blind." llory factor joins us. also tonight, egypt's president, muhammad morsi, ordering the egan military to arrest people in the street even as he claimed to have rescinded the ctatorial powers he assumed which have spurre violent demonstrations. and a new intelligence report concludes that america's time as the lone perpower is nearing an end. former director of national intelligence...
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the government is clear, i got to sources close to government, trying to get him to flip, okay, against steve believes insider trading allegations, drug stocks, provided that information to steve cohen, that's part of the indictment, the charge against him. we don't know -- what they don't say is whether it's inside information, whether steve cohen knew-inside information. steve has not been charged, but the governmentments him, from what we understand, to flip against cohen in this stuff. will he? we understand he's holding out to today. >> the implication that extensively if they pay for the legal fees, he's not going to turn -- >> he has expensive legal fees. he hired, and you wonder where he gets the money from. he made $9 million in 2008. he's hiring a guy at $1300 an hour. who is that? one of the better ones out there, charlie stillman, long time white collar control defense attorney, and from what we understand, that number is pick up by capital. what do they get? i shoold point out, talked to peter henning, big time white collar professor at the university, and it often happens,
the government is clear, i got to sources close to government, trying to get him to flip, okay, against steve believes insider trading allegations, drug stocks, provided that information to steve cohen, that's part of the indictment, the charge against him. we don't know -- what they don't say is whether it's inside information, whether steve cohen knew-inside information. steve has not been charged, but the governmentments him, from what we understand, to flip against cohen in this stuff. will...
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why would you give the federal government more of your money? we all know there is a spending problem. nothing is on the table about significant cuts to balance this budget. i have a plan that would balance the budget in five years. i wish no taxes would go up on any american. i don't think it's good for the economy. but in this case, i think we need to get beyond it and get some certainty out into the economy. >> if boehner comes back and says, okay, i feel like i've cut the best deal i can. i'll vote for this. that's probably something you can support. >> if it truly is the best deal, yes, i will. i have faith, actually, in what speaker boehner is doing. i think he's letting the process work and i think i said it before. the timeline of the holidays and fiscal cliff looming and negotiations will come to a point where there has to be a best point. >> the jet fumes of national airport is the joke, but how big is that christmas holiday, if that is threatened, will that motivate more people to vote for something? >> if you want to see how this vot
why would you give the federal government more of your money? we all know there is a spending problem. nothing is on the table about significant cuts to balance this budget. i have a plan that would balance the budget in five years. i wish no taxes would go up on any american. i don't think it's good for the economy. but in this case, i think we need to get beyond it and get some certainty out into the economy. >> if boehner comes back and says, okay, i feel like i've cut the best deal i...
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allows democrats to expand the growth of government. either way accounting trick that no family tried to balance its checkbook could ever get away with. bret? >> bret: british bank sbc has agreed to pay money to settle a money laundering case. the justice department in the u.s. says the bank cleaned funds for narcotics traffickers in mexico and allowed illegal transactions with iran, cuba, and other nations. michigan becomes a right-to-work state with some fireworks outside the state capitol. we'll talk about what's going on with the fox all-stars when we come back. begin. tomato, obviously. haha. there's more than that though, there's a kick to it. wahlalalalallala! smooth, but crisp. it's kind of like drinking a food that's a drink, or a drink that's a food, woooooh! [ male announcer ] taste it and describe the indescribable. could've had a v8. >> no matter what happens, they cannot define us. >> what we shouldn't be doing is trying to take away your rights to bargain for better wages and working. [cheers] >> what we're talking about
allows democrats to expand the growth of government. either way accounting trick that no family tried to balance its checkbook could ever get away with. bret? >> bret: british bank sbc has agreed to pay money to settle a money laundering case. the justice department in the u.s. says the bank cleaned funds for narcotics traffickers in mexico and allowed illegal transactions with iran, cuba, and other nations. michigan becomes a right-to-work state with some fireworks outside the state...
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now comes the hard part i will the states regulate the sale and use of the drug and will the federal government let them. you need to know this earlier this year michigan's republican governor rick snyder attended a hearing on capitol hill to talk about state economies and job creation he was asked about controversial right to work for less laws that starve unions of critical funding and leave working people collecting smaller paychecks with fewer benefits and vulnerable to more workplace accidents is what governor snyder had to say about these. right to work is an issue that's a very divisive issue people feel very strongly about it so right to work is an issue that may have its time and place but i don't believe it's appropriate michigan during two thousand and twelve i don't believe it's appropriate michigander in two thousand and twelve that's what snyder said earlier this year and yet at his behest at the end of. last week his republican colleagues in the state house and senate jammed through a right to work for less law in a rushed thursday evening vote as scores of labor protesters organ
now comes the hard part i will the states regulate the sale and use of the drug and will the federal government let them. you need to know this earlier this year michigan's republican governor rick snyder attended a hearing on capitol hill to talk about state economies and job creation he was asked about controversial right to work for less laws that starve unions of critical funding and leave working people collecting smaller paychecks with fewer benefits and vulnerable to more workplace...
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do you think the rich has captured our government? >> of course they have. corporations with the supreme court's full backing corporations media has become concentrated in fewer and fewer hands. that's where the money goes. that's where they pass the rules of laws, which invade our private lives. >> cenk: now you've won seven emmy awards, five golden globes i assume you've made a decent amount of change in that time. so like fdr why are you a traitor to your class? >> i'm really not really. i didn't pinch those pennies and i didn't keep them in a lock box, so i'm certainly not a millionaire, but if they want to think of me as such. that's fine. i hope i would speak the same way i am now if i were a millionaire. >> cenk: now obviously fox news has taken you on, and they say you're the boogeyman. sean hannity michelle malkin called you every word in the language--every bad word. >> i think he's behind on his rabies shots. >> cenk: so, you're not too concerned that they have portrayed you as a hollywood liberal, etc.? >> i'm proud of it. >> cenk: god bless. it'
do you think the rich has captured our government? >> of course they have. corporations with the supreme court's full backing corporations media has become concentrated in fewer and fewer hands. that's where the money goes. that's where they pass the rules of laws, which invade our private lives. >> cenk: now you've won seven emmy awards, five golden globes i assume you've made a decent amount of change in that time. so like fdr why are you a traitor to your class? >> i'm...
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the government refuses to use it. i did a piece in "the financial times," and they don't want to address the fact they ignore realtime data using surveys and technology from the 60s and 70 #s to come up with estimates at a time like this when we need to know what's going on in our economy. liz: by the way, that acquisition has been leveled adam: mrgses from both sides of the aisle in many years. david: it has, and as soon as we have more evidence, we'll bring it to you. thank you. >> i have the evidence. david: i saw the piece in the fc, a very provocative piece with the evidence. thank you, guys. liz: sam, good to see you as well. >> thanks, liz. liz: searching for a compromise on civilling the nation's debt crisis, we have someone who says it's not about raising or lowering taxes, but the answer lies in the tax code itself. former treasury secretary on just who should bear the biggest brunt joining us exclusively. david: also, michigan, imagine, the home of the united auto workers about to become the 24th state to b
the government refuses to use it. i did a piece in "the financial times," and they don't want to address the fact they ignore realtime data using surveys and technology from the 60s and 70 #s to come up with estimates at a time like this when we need to know what's going on in our economy. liz: by the way, that acquisition has been leveled adam: mrgses from both sides of the aisle in many years. david: it has, and as soon as we have more evidence, we'll bring it to you. thank you....
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if we cannot curb the growth of anything in government how do we rain in government? >>guest: the word cut means if you got $10 president last year and you applied $15 and you get $12 million, you are "cut." this is baseline budgeting. go to zero base budgeting like most people do and you see where the "cuts" are. we are not cutting social security. we are not cutting medicare the we said get if there and stop the automatic pilot process. this stuff is on automatic pilot. of $1.1 trillion that came in, in revenue, in 2011, that is everything, it only went to medicare and medicaid and social security. we borrowed to do two wars, infrastructure, homeland security, defense, everything, culture, big bird, the whole works, we borrowed $3.6 billion a day? we don't we were know what $1 trillion is. you say the big bang theory of the universe, the planets and the sun, spinning off, that happened 13 billion years ago and that isn't close to a trillion and we owe $16 trillion those babies. have a drink. wake up! >>neil: good words, senator, thank you. >>guest: take care my frie
if we cannot curb the growth of anything in government how do we rain in government? >>guest: the word cut means if you got $10 president last year and you applied $15 and you get $12 million, you are "cut." this is baseline budgeting. go to zero base budgeting like most people do and you see where the "cuts" are. we are not cutting social security. we are not cutting medicare the we said get if there and stop the automatic pilot process. this stuff is on automatic...
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now it's time to govern. what's more important, what senator graham is talking about, the president has to start talk being spending cuts. we've already had two months of the new fiscal year. we're $292 billion in the deficit. there's some interesting numbers through there. revenues have increased $30 billion. they've gone up 10%. why that number is important is the president is able to raise the rates that he wants, he'll only collect $31 billion for the entire year, just on the rates. but the real problem is spending has gone up 16%, more than $87 billion. so we've got to start looking at, where are we going to cut spending? he wants to increase taxes to keep spending. we'll be in another mess, next year asking the same questions we're asking today. >> a tax increase only buys you a limited amount of time as long as the spending is more than that's coming in. why is he campaigning? he's not able to convince anyone on the republican side. i wonder, for all the reports you read about republicans being divided
now it's time to govern. what's more important, what senator graham is talking about, the president has to start talk being spending cuts. we've already had two months of the new fiscal year. we're $292 billion in the deficit. there's some interesting numbers through there. revenues have increased $30 billion. they've gone up 10%. why that number is important is the president is able to raise the rates that he wants, he'll only collect $31 billion for the entire year, just on the rates. but the...
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the governments as they had to take that measure to ensure a safe and free and transparent vote. so a lot of uncertainty about whether or not this will be pulled off. >> definitely history in the making. thank you. nbc's eamahman mow deed. >>> a new pentagon report offers a bleak assessment of how ready the afghan forces are to take over the job. the semiannual report to congress found that only one of the afghan national army's 23 brigades are able to operate independently without the aid of u.s. support. the taliban remains determined and resilient. >>> as always, let me know why you're awake. shoot me an e-mail at way too early@msnbc.com or text me to awake followed by your response to 622639. we'll read the best responses. still ahead of "way too early," new england. new daddy of a baby girl mr. tom bade brady dismantles the houston texans on "monday night football." in case you just missed this one. you might be asked to remove the wildlife. yes, the fan is holding a raccoon. we'll explain what's going on there and get a check of your weather when way too early comes right b
the governments as they had to take that measure to ensure a safe and free and transparent vote. so a lot of uncertainty about whether or not this will be pulled off. >> definitely history in the making. thank you. nbc's eamahman mow deed. >>> a new pentagon report offers a bleak assessment of how ready the afghan forces are to take over the job. the semiannual report to congress found that only one of the afghan national army's 23 brigades are able to operate independently...
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going to have a be having as we as we move forward on this any clue on how the federal government is going to react to washington and colorado and and are you hearing or you know do you have any sense or have you heard in the from the grapevine anything about how this administration might respond to these two states. well so far the the federal prosecutor here in western washington has said that they're going to continue to do the same thing they've been doing and what went to doing what the federal government has been doing they're getting ready to sentence chris williams who is growing medical marijuana quite openly and with being inspected by local officials in montana medical cannabis for patients and they're getting ready to sentence him to essentially a life sentence of ninety years for growing medical marijuana and for some reason we're supposed to believe the people who sponsored distil that somehow we're going to have an adult conversation with the feds and they are not going to bust all the people who are going to be growing one hundred seventy eight hundred eighty seven th
going to have a be having as we as we move forward on this any clue on how the federal government is going to react to washington and colorado and and are you hearing or you know do you have any sense or have you heard in the from the grapevine anything about how this administration might respond to these two states. well so far the the federal prosecutor here in western washington has said that they're going to continue to do the same thing they've been doing and what went to doing what the...
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it's i believe in small government. well, you know, telling a woman what she can and cannot do with her body is not small government. they talk about jobs. this house bill 5711 would actually result in a loss of jobs because clinics would close. and women would have nowhere to go for health care. you know, everything that republicans can say they're against, big government, privacy, all those things is the exact opposite that's in this legislation. >> nancy keenan and lisa brown, i'm going to have to hold it there. but we're certainly going to keep on top of this and watch this to fight to expose their agenda. >>> ahead, the gop has no problem with tax breaks for the rich and money for big oil. but aid for those hit hardest by hurricane sandy? that's where they draw the line. try running four.ning a restaurant is hard, fortunately we've got ink. it gives us 5x the rewards on our internet, phone charges and cable, plus at office supply stores. rewards we put right back into our business. this is the only thing we've ever
it's i believe in small government. well, you know, telling a woman what she can and cannot do with her body is not small government. they talk about jobs. this house bill 5711 would actually result in a loss of jobs because clinics would close. and women would have nowhere to go for health care. you know, everything that republicans can say they're against, big government, privacy, all those things is the exact opposite that's in this legislation. >> nancy keenan and lisa brown, i'm...
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these are sad statistics from the government accountability office. no money for defense, nothing for education, food, safety, veterans, the whole shebang. it's basically in your own personal economy like spending every cent you earn on your mortgage and nothing else. no food,clothes, no car, you get the picture, right. the 20-year prediction is even more mind blowing. the big four is set to consume $1.21 for every $1 that you pay in in taxes, which brings us back to the cliff, the fiscal cliff, and how lawmakers can fix this very expensive problem. terry savage is the nationally syndicated financial columnist for the "chicago sun-times." terry, it's good of you to join us today. i think my first question is, with most households we think, spend less, try to earn more and we'll fix our problem. and that's essentially what the fiscal cliff is, but it's just too much of these solutions that the fiscal cliff presents, how am i going to word that? it's too much austerity and it is too much tax increases at least, for the budget, or the for the economy to
these are sad statistics from the government accountability office. no money for defense, nothing for education, food, safety, veterans, the whole shebang. it's basically in your own personal economy like spending every cent you earn on your mortgage and nothing else. no food,clothes, no car, you get the picture, right. the 20-year prediction is even more mind blowing. the big four is set to consume $1.21 for every $1 that you pay in in taxes, which brings us back to the cliff, the fiscal...
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i'm not the government of the united states. that is my point. >> greg: i hope the government would do the same thing if it was my family. that is my point. >> eric: that is the point. you are gaining information that would hopefully stop a terrorist attack that might kill thousands of people. >> bob: i thought it was c.i.a. that got the intelligence, not f.b.i. >> andrea: isn't in a movie? liberals say it's reprehensible. >> dana: right. so what dianne feinstein said, i know of the joint commission and the investigation in waterboarding. i know them very well. i would take the word of those people over hollywood depiction of it any day. a lot of people will see the movie. it's a good thing. but sometimes it's difficult to separate hollywood from the truth. in this case, sounds like the liberals are mad and there is a good reason for it. >> bob: where did you come up with the notion that liberals are against this whole thing? i haven't heard that. >> andrea: there is a bit of outrage. >> bob: so that's all liberals, right? >> an
i'm not the government of the united states. that is my point. >> greg: i hope the government would do the same thing if it was my family. that is my point. >> eric: that is the point. you are gaining information that would hopefully stop a terrorist attack that might kill thousands of people. >> bob: i thought it was c.i.a. that got the intelligence, not f.b.i. >> andrea: isn't in a movie? liberals say it's reprehensible. >> dana: right. so what dianne feinstein...
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the federal government would save money, yes, but only because state governments, employers, and individual seniors would pay more. how much more? estimates from the center for budget priorities and policy shows the federal government would save about $5.7 billion, while the rest of the health care system would spend $11.4 billion more to give the same benefits. actually, this is what the republicans would like because it would help them kill the program. i'm joined tonight by pulitzer prize winning journalist david cay johnston, author of the book "the fine print." david, great to have you with us tonight. >> good to be here. >> the numbers are so telling here. why would the democrats even consider this in conversation? >> ed, stunning that they would do this, because it's going backwards. five years ago senator barack obama said by 2013, we should have universal health care. this is going in the wrong direction. and it's paul ryan economics. we'll save you $1 of taxes, but you got to spend $2 somewhere else. and this is a good idea because? this is a very bad idea. and the thing to do i t
the federal government would save money, yes, but only because state governments, employers, and individual seniors would pay more. how much more? estimates from the center for budget priorities and policy shows the federal government would save about $5.7 billion, while the rest of the health care system would spend $11.4 billion more to give the same benefits. actually, this is what the republicans would like because it would help them kill the program. i'm joined tonight by pulitzer prize...
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the government is selling its remaining stake in aig... and reports say regulators have a $1.9 billion dollar settlement with hsbc. the bank is accussed of laundering money for drug dealers and terrorists. john brady of rj o'brien joins us now. john, are you seeing any special positioning ahead of the fed? > > we have angie. over the course of the last two weeks so, we have seen equity markets continue to "melt up," as traders would say, continue to be sort of supported by this idea that the federal reserve is going to continue its method of quantitative easing. the fed meeting to start today. however, we will receive the announcement from the fed tomorrow, perhaps around 1:00 or so wednesday. but, the idea is that risk assets, both equities and metals, commodities mostly, continue to melt higher with the idea that the fed is going to continue to monetize its debt and supply excess reserves to the economy. > what about tax management? what are you seeing with investors and traders trying to avoid that fiscal cliff, although potentially tha
the government is selling its remaining stake in aig... and reports say regulators have a $1.9 billion dollar settlement with hsbc. the bank is accussed of laundering money for drug dealers and terrorists. john brady of rj o'brien joins us now. john, are you seeing any special positioning ahead of the fed? > > we have angie. over the course of the last two weeks so, we have seen equity markets continue to "melt up," as traders would say, continue to be sort of supported by this...
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>> it's a terrible idea because it saves some money but it basically -- it saves the federal government money. it costs more money in the long run. it puts people at the mercy of the private money. the center of american progress shows that at least 500,000 sign yours uninsured living in states with republican governors or have otherwise said they will not participate in the affordable care act so there's a kind of blithe assumption by liberals that we have obama care and seniors could go in the mix. well, they can't if they live in states where the governor will not add medicaid dollars or not set up an exchange, so it creates more suffering and it's also so class biassed. i think it's the single best example when this is bandied about as we're protected in the little bubble of suffering and michigan discussion got in to this, too. but, you know, yes, life expectancy increased over the last 20 years. but mainly that's for people at the top of the income level. for lower incomes seniors it's barely increased at all so there's all these assumptions of good for people on the open market l
>> it's a terrible idea because it saves some money but it basically -- it saves the federal government money. it costs more money in the long run. it puts people at the mercy of the private money. the center of american progress shows that at least 500,000 sign yours uninsured living in states with republican governors or have otherwise said they will not participate in the affordable care act so there's a kind of blithe assumption by liberals that we have obama care and seniors could go...
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asked said the government should allow marijuana use where it is legal. and according to the marijuana policy project lawmakers in four states, maine, v., new hampshire and rhode island plan to legalize american. >>> quake struck northwest of in donesia, it measured 7.1. there were no reports of major damage or injuries. >>> our weather was spectacular. >> weekend too. weather was insane for this time of year. we don't expect temperatures in the upper 60s but that is what we got. things are changing around. we have the live radar sweeps going. nothing showing now. as we get into, yeah, next 36 hours we will see green on here. come in close. san francisco, richmond, beautiful out there. no fog. it is one of the prettier nights. beautiful sun sets as well. cloud free long the avenues. that is how it will stay for a lital while and -- little while and then the clouds move in as we move forward. the clouds will set us up with the showers that get in here on tuesday night into wednesday morning. so tonight the patchy fog is going to be around. there has been v
asked said the government should allow marijuana use where it is legal. and according to the marijuana policy project lawmakers in four states, maine, v., new hampshire and rhode island plan to legalize american. >>> quake struck northwest of in donesia, it measured 7.1. there were no reports of major damage or injuries. >>> our weather was spectacular. >> weekend too. weather was insane for this time of year. we don't expect temperatures in the upper 60s but that is...
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Dec 11, 2012
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the federal government requires us to pay billions to take care of it. governor pete wilson sent the national guard to help the border patrol. >> so he won that election. it's 18 years ago, not 30 years ago, and he won. but the way we look at immigration now is so completely different, and it's why the republicans lost. so how do they turn it into the pro dream act party in california? >> they can start talking about the issue in a more humane way, and not be so mean-spirited about it. if they soften the rhetoric but they also have to change the policy, and there are some small groups in the los angeles area, starting to get elected to local offices. they are looking 20 years down the road to try to rebuild the party, and it's a very small step. >> yeah and it sort of takes california out of the national stage. >> they are totally out of play on both sides. it's actually a money saver for the democrats. >> it is. but the problem with the supermajority is they are the only ones to blame. we are seeing that now. congress is being blamed now the republican
the federal government requires us to pay billions to take care of it. governor pete wilson sent the national guard to help the border patrol. >> so he won that election. it's 18 years ago, not 30 years ago, and he won. but the way we look at immigration now is so completely different, and it's why the republicans lost. so how do they turn it into the pro dream act party in california? >> they can start talking about the issue in a more humane way, and not be so mean-spirited about...
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Dec 11, 2012
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this is government dependency at its worst. here now is the story. political reporter from the daily caller and margie omara. margie, i have to go to you first. in some sense this is a bipartisan story. if you look at the evidence that's come out today and was reprinted, this starts with the bush administration, but it rolls up with the obama administration. why would we want taxpayer dollars to subsidize ads for what should be limited to an anti-poverty program but has become this grandiose public welfare dependency. >> well, a few reasons. first, when you look at food stamps it's actually lowered the poverty rate for children. a majority of snap recipients are children and seniors and the disabled. it's done a huge effort to make sure kids don't go hungry. we are not talking about -- we're talking about making sure kids get the food they need. a majority of americans support this proposal. they support -- they don't want to see food stamps be cut as a way to balance the budget. we tried the other approach of ko kond sengs, blame and denial. it may
this is government dependency at its worst. here now is the story. political reporter from the daily caller and margie omara. margie, i have to go to you first. in some sense this is a bipartisan story. if you look at the evidence that's come out today and was reprinted, this starts with the bush administration, but it rolls up with the obama administration. why would we want taxpayer dollars to subsidize ads for what should be limited to an anti-poverty program but has become this grandiose...
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Dec 11, 2012
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we're $18 billion short of having nothing if we canceled the entire government. you can't do it without entitlement reform. >> senator, when you're talking entitlement reform, billions in deficits in medicare and social security over the next 10, 20 years. where specifically do you cut? do you tell people, no, i'm sorry. you're cut off. >> you tell them what ronald reagan told me in '93, social security going broke in 2011. he pushed my liability from 65 to 66. that put it in shape. >> how much does one or two yearsed t retirement mean? >> a lot. it compounds over time and the period of time you do it. my grandchildren, age 70, not 67. second i'm not beyond means testing colas. maybe shouldn't be as high as for the bottom end. when the president is sitting in an ivory tower or in detroit and we're trying to do the people's business. >> where do you think the real compromise is coming out? do you believe john boehner and president obama this weekend had a serious discussion? where are we really in this compromise? >> well, i've learned a long time ago up here what
we're $18 billion short of having nothing if we canceled the entire government. you can't do it without entitlement reform. >> senator, when you're talking entitlement reform, billions in deficits in medicare and social security over the next 10, 20 years. where specifically do you cut? do you tell people, no, i'm sorry. you're cut off. >> you tell them what ronald reagan told me in '93, social security going broke in 2011. he pushed my liability from 65 to 66. that put it in shape....
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Dec 11, 2012
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is giving the egyptian government 20 f-16 fighter jets. the first four, which will be delivered in just six weeks. it is part of a billion dollar military aid package that was brokered with former egyptian president hosni mubarak back in 2010. but mubarak is gone and president mohammed morsi is clearly playing a different and dangerous game. given the current situation protesters are storming the palace. more than a dozen dead. hundreds are injured. why on earth are we handing over 20 advanced fighter jets to a regime we don't exactly trust? we have a money power panel, mideast experts to explain. mike barrett, diligent consulting firm. judy miller from the manhattan institute. a fox news contributor. michael rubin, a resident scholar at the american enterprise institute. mike barrett, let me start with you. why are we doing this. >> i have a hard time explaining this. i've been on the show before and talked about it. in general giving some money to the military is a good idea because they're somewhat moderating force in egypt. giving more
is giving the egyptian government 20 f-16 fighter jets. the first four, which will be delivered in just six weeks. it is part of a billion dollar military aid package that was brokered with former egyptian president hosni mubarak back in 2010. but mubarak is gone and president mohammed morsi is clearly playing a different and dangerous game. given the current situation protesters are storming the palace. more than a dozen dead. hundreds are injured. why on earth are we handing over 20 advanced...
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Dec 11, 2012
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good governance. and obviously every member of congress has an obligation to their particular district and their particular constituents, but they also have a larger obligation, i believe, to the well-being of the country as a total. and so we are in a situation where some difficult decisions have to be made, but i believe the well being of the country must take precedent over every other consideration. >> of course, chip, a lot of those constituents don't think that a tax hike on the wealthy is for the good of the country and even though national polling shows that overall people favor raising taxes on the rich, you talk to congressman like ted poe in texas or scott in new jersey fnlg, they don't see it. if boehner wants a lawmaker to flip, how does it do it? >> it's going to be a tough sell. i was at a town hall last night where 12,000 constituents of this certain congressman participated. they asked the question, do you think we should do taxes, additional taxes, spending cuts, or a combination of
good governance. and obviously every member of congress has an obligation to their particular district and their particular constituents, but they also have a larger obligation, i believe, to the well-being of the country as a total. and so we are in a situation where some difficult decisions have to be made, but i believe the well being of the country must take precedent over every other consideration. >> of course, chip, a lot of those constituents don't think that a tax hike on the...
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Dec 11, 2012
12/12
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so to get larger, the area growth is government. and in order to get even larger, they have to grow government. they have to raise taxes. they have to increase regulation. more employees, more employees. so we fight these battles with taxes and regulations but really what we would like to see is to take the unions out at the knees. >> jennifer: taking the unions out at the knees. that's really the koch brothers' agenda right? >> in traditional public policy debates, you have stakeholders working together trying to figure out the best outcome. americans for prosperity is different. they're funded and financed by the koch brothers. they're not interested in michigan workers. what they're interested in is raw, political power. americans for prosperity chapters in almost every state. they're pushing the same agenda, kneecapping unions and democrats. >> jennifer: the americans for prosperity, the koch brothers group had an attempt on the cap -- had a tent on the capitol lawn today. it was on the lawn last week as well. there is another g
so to get larger, the area growth is government. and in order to get even larger, they have to grow government. they have to raise taxes. they have to increase regulation. more employees, more employees. so we fight these battles with taxes and regulations but really what we would like to see is to take the unions out at the knees. >> jennifer: taking the unions out at the knees. that's really the koch brothers' agenda right? >> in traditional public policy debates, you have...
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Dec 11, 2012
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people that want the government to cut back on spending kind of don't want it because of the markets, so you can't really have your cake and eat it, too. if we do go over the cliff there will be pullback in the market. >> what's the strategy though? what's the strategy? let's put aside speculation of going over or not going over. what's the strategy going into year end? where do you want exposure in terms of equities? >> definitely want to be long. i certainly wouldn't want to go short because you don't want to go into this uncertainty making decisions on something you don't know is going to happen. you just don't know what the taxes are or what's going to come about, so i really wouldn't make my decisions based on an unknown. i would pick steady solid names and stick with them and go long. >> but we know taxes are probably going to go high, right? david, do i want to sell my winners here knowing that the capital gains at 15% is going to be history next year? >> i think we're seeing a lot of that. i think we're seeing the reverse of tax laws harvesting the end of the year, people cap
people that want the government to cut back on spending kind of don't want it because of the markets, so you can't really have your cake and eat it, too. if we do go over the cliff there will be pullback in the market. >> what's the strategy though? what's the strategy? let's put aside speculation of going over or not going over. what's the strategy going into year end? where do you want exposure in terms of equities? >> definitely want to be long. i certainly wouldn't want to go...
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Dec 11, 2012
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government jobs. every guy pulling the car, three guys -- dabs 350,000 people left the jobs. >> bob: you take my one more thing and debate it because you don't like it. >> eric: saturday night, i'm watching "saturday night live." if wasn't so darn true it wouldn't so darn funny. watch. >> early this week, i found my way to congressional cafeteria. what do i see? john boehner sitting by himself. all alone. not a single member of the party willing to share his company. he didn't even have any milk to drink, because -- tell them why. >> they have taken my milk and up there it in the garbage. >> eric: bar guy.>> poor guy. >> dana: hard to be a leader. lonely at the top. i have a story about a monkey and ikea. the shoppers are at ikea and they look down and there is a monkey in a coat. he got away from his owners. so the monkey was walking around. they got fined. they only got fined $240 for having illegal pet. which you can't have a monkey, bob, i know you had one in college. not a good idea. do not try t
government jobs. every guy pulling the car, three guys -- dabs 350,000 people left the jobs. >> bob: you take my one more thing and debate it because you don't like it. >> eric: saturday night, i'm watching "saturday night live." if wasn't so darn true it wouldn't so darn funny. watch. >> early this week, i found my way to congressional cafeteria. what do i see? john boehner sitting by himself. all alone. not a single member of the party willing to share his company....
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Dec 11, 2012
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but the government on the lookout for this. if it sees a new medicaid applicant transferring assets in the last five years the application is delayed based on the amount. >> an extreme weather alert to tell you about. people in minnesota digging out from the winter mess after a storm has 62 inches of snow in some areas. tom holden joins us from minneapolis. good morning. >> good morning ainsley. the snow is falling once again. not a lot of accumulation expected hear in any part of minnesota. even though we haven't had a lot of snow for the past 24-hours mdot crews part of the transportation crews are still on the road in full force trying to get up the ice. we had over 1,000 spinouts yesterday sunday night and yesterday morning. almost 700 crashes. there were people every where that were spinning off the road. even one fatality in the state of minnesota. that was about half of the state that was hit really hard with the snowfall. the crews are out snow is still every where. we have not had a storm of this magnitude in december
but the government on the lookout for this. if it sees a new medicaid applicant transferring assets in the last five years the application is delayed based on the amount. >> an extreme weather alert to tell you about. people in minnesota digging out from the winter mess after a storm has 62 inches of snow in some areas. tom holden joins us from minneapolis. good morning. >> good morning ainsley. the snow is falling once again. not a lot of accumulation expected hear in any part of...
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. >> a government fractured, a market paralyze. a call to action our markets careen towards the sharp edge of the fiscal cliff. we've is asked our politicians to seem compromise and find a solution. the clock is ticking down. the stakes are getting higher. now we're turning up the pressure. this is a cnbc special report, "mission critical, rise above d.c." >> and we do welcome you to "closing bell." i'm bill griffith here at the new york stock exchange. hey, maria. >> hey there, bill. big rally where you are. i'm bartiromo coming today from the white house for our special coverage. stocks rallying on the on the missile that perhaps we are nearing a fiscal cliff deal. coming up we'll, find out from key lawmakers in the fiscal cliff negotiations how we can actually get a deal done before the deadline. representative chris van hollen, lynn jenkins and javier becerra as well as sore orrin hatch with us. we'll hear from former treasury secretary altman and jeff greenfield. bill? >> stocks are trading off the highs of the day with less t
. >> a government fractured, a market paralyze. a call to action our markets careen towards the sharp edge of the fiscal cliff. we've is asked our politicians to seem compromise and find a solution. the clock is ticking down. the stakes are getting higher. now we're turning up the pressure. this is a cnbc special report, "mission critical, rise above d.c." >> and we do welcome you to "closing bell." i'm bill griffith here at the new york stock exchange. hey,...
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Dec 11, 2012
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you can see critiques sometimes of the chinese government or of other governments as well. power in general. >> brown: often you can see a provocation. as in one of his most famous works dropping a haung dynasty un, three photographs showing the destruction of a 2,000 cultural relic. >> one of the things i think cease saying is sometimes it's necessary to destroy the old before you can move forward with the new. and also by destroying something know is important, it suddenly makes you have to think about the value of things. what are they worth? who says they're valuable? >> brown: he returned to china in 1993 and became part of the country's cultural elite eventually tapped by the government to collaborate with a swiss architectural firm to design the 2008 olympic stadium. photos are on the floors and walls of the exhibition but he grew critical of the communist party's attempt to control the event. his biggest confrontation with the authorities soon followed after the earthquake in sichuan province when children were killed in schools that collapsed leading to accusations
you can see critiques sometimes of the chinese government or of other governments as well. power in general. >> brown: often you can see a provocation. as in one of his most famous works dropping a haung dynasty un, three photographs showing the destruction of a 2,000 cultural relic. >> one of the things i think cease saying is sometimes it's necessary to destroy the old before you can move forward with the new. and also by destroying something know is important, it suddenly makes...
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the united states government had nothing to do with this video. we understand why people take offense to this video because millions of our citizens are among them. >> now, could not condemn that lame youtube video enough, and turned out not to have anything to do with the attack on our consulate, but i prefer a president who stands up for america and the men and women fighting for his country. joining me is dennis prager and julie radinski is with us. it's crude, dusting, we had dis. kill those mothers, fathers, yankees, etc. why would the president hang without that person? >> first of all, he's not hanging out with him. you're being dramatic about this. he went to a fundraise fore sick children that presidents for the past 30 years have gone to. he did not invite psy to. >> excuse me. this guy has talked about killing the children, mothers -- >> for which he apologized. >> no, no. he said it through a publicist. >> yesterday he said it repeatedly. >> sean: half-hearted. >> i'm not suggesting that what he said was appropriate. what i'm saying is
the united states government had nothing to do with this video. we understand why people take offense to this video because millions of our citizens are among them. >> now, could not condemn that lame youtube video enough, and turned out not to have anything to do with the attack on our consulate, but i prefer a president who stands up for america and the men and women fighting for his country. joining me is dennis prager and julie radinski is with us. it's crude, dusting, we had dis....
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we have to reform the federal government. what a great opportunity with new congress coming in, with the country focused on these issues for us to come together and actually take a top to bottom review, reprioritize spending at every level reduce the federal expenditures. we have to cut spending in this town. we are not going to tax our way to prosperity. so myself and other members, i hopefully think members in both parties are ready for serious budget reform and serious spending reductions. frankly we've all been disappointed we haven't seen leadership out of the white house in the same direction. that's the biggest sticking point to why we can't reach a solution regarding the fiscal cliff at this point. >> how specifically would you address spending in medicare? it seems to me americans are very accustomed to seeing health care benefits cut. just ask anyone that works for a major corporation over the last few years and you will see the portion of your medical care you pay for that risen, the portion your company pays for h
we have to reform the federal government. what a great opportunity with new congress coming in, with the country focused on these issues for us to come together and actually take a top to bottom review, reprioritize spending at every level reduce the federal expenditures. we have to cut spending in this town. we are not going to tax our way to prosperity. so myself and other members, i hopefully think members in both parties are ready for serious budget reform and serious spending reductions....
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Dec 11, 2012
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there are a lot of people supporting the government. a lot of kurds and christians and syrians in syria are supporting the government, not because they like the government -- >> maybe we should be helping assad, according to logic. >> all of which tells you we need to learn more about what's going on. we need to support the good guys. i think we should do that and can do that, but let's make sure there really are good guys. >> that brings me to the talk of chemical weapons. there's talk that russia has them and assad might use them. do you believe any of that? do we really know when you think back to iraq, do we really know what chemical weapons syria has and whether assad would use them or if they could come into the hands of the al qaeda-linked groups or rebels could use them? >> my guess is they do have some. historically, this has always been the view. who knows how many and how effective they are. the most important thing to remember about chemical weapons is they're not actually that effective. so part of what -- the reason regime
there are a lot of people supporting the government. a lot of kurds and christians and syrians in syria are supporting the government, not because they like the government -- >> maybe we should be helping assad, according to logic. >> all of which tells you we need to learn more about what's going on. we need to support the good guys. i think we should do that and can do that, but let's make sure there really are good guys. >> that brings me to the talk of chemical weapons....
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the saudi government didn't specificly names. citing a ongng investigation. a virus hit 30,000 aramco computers in august, aimg to st down production this is the new frontier by the way. >> chris mas comes early for -- christmas comes early for pot lovers in colorad and washiton. whoo-hoo. with the legal mess just beginning it is anything but a smokers paradise. we bring in a pot panel. why not? to break it down nex do you have ever have too much money? ♪ . melissa: legalized marijuana, perfect song, right is new fronti. along wi unexpected and potentially costly issues. everything how car insurance companies will handle people driving under the influence to crossing state lines with weed. so we have another "money" power panel today although we call it a pot power panel, because we like alliteration. attorneys joey jackn, rebecca nikem. and chancellor o oakster university,ale jones. somebody raised this issue other day, showing a great story. studies show you don't drives a well when you're stoned. >> really? come on. melissa: it is shocking. at the same t
the saudi government didn't specificly names. citing a ongng investigation. a virus hit 30,000 aramco computers in august, aimg to st down production this is the new frontier by the way. >> chris mas comes early for -- christmas comes early for pot lovers in colorad and washiton. whoo-hoo. with the legal mess just beginning it is anything but a smokers paradise. we bring in a pot panel. why not? to break it down nex do you have ever have too much money? ♪ . melissa: legalized marijuana,...
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Dec 11, 2012
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the government and say join the union or else. the government is saying join the union or else. that violates your freedom of association caught by forcing you to associate with a group you do not want to associate. it is theft of your property. this does not interfere with the right of unions to form, to organize, and to bargain collectively. this has to do whether or not unions could be thrust down the throats of workers. whatever the reason is, they do not have to give a reason. what about the legal a lot that is less than half the country. what about the localities of it? >> in explicitly, connell, the courts have upheld the right of state governments to have gone right to work states. certain union dominated industries. it is the ability of the state to regulate the economy and organize the economy. to be, it violates freedom of association. connell: the union presented this. you heard that from the head of the uaw. right to work is some radical idea. some crazy idea. they are worried, though about it being trained. >> right to work is a natural right. the union does not ha
the government and say join the union or else. the government is saying join the union or else. that violates your freedom of association caught by forcing you to associate with a group you do not want to associate. it is theft of your property. this does not interfere with the right of unions to form, to organize, and to bargain collectively. this has to do whether or not unions could be thrust down the throats of workers. whatever the reason is, they do not have to give a reason. what about...
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Dec 11, 2012
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who among those four men has had the most important and lasting influence on our politics and our governing? republicans will all say ronald reagan and they will all be wrong because they no longer understand ronald reagan or themselves. no one will say one-term president george h.w. bush and everyone will be right about that. democrats will say bill clinton and they will be wrong. that leaves the last man standing, newt gingrich. i think that i can safely assume that none of you chose newt gingrich as the person who had the most lasting and influential on our politics and governing. and that is because the american media covers the presidency the way the british covers the monarchy. they pretend that we have a king, that nobody could possibly be more important than the president. the media simply refuses to comprehend how powerful congress is and how powerful the speaker of the house can be, something that the founding fathers discovered. why are republicans wrong when they say that reagan was such a great president? because nothing of reaganism survived his presidency. there is no reagan
who among those four men has had the most important and lasting influence on our politics and our governing? republicans will all say ronald reagan and they will all be wrong because they no longer understand ronald reagan or themselves. no one will say one-term president george h.w. bush and everyone will be right about that. democrats will say bill clinton and they will be wrong. that leaves the last man standing, newt gingrich. i think that i can safely assume that none of you chose newt...